Legal Opinion
Pfleghar Hardware Specialty Co. v. Blair
Court of Appeals for the Second Circuit
Decided February 4, 1929No. 117PublishedCited by 30 opinions
1Opinion of the CourtSwan, Circuit Judge
(after stating the facts as above). The tax is laid under the Revenue Act of 1918 (40 Stat. 1057). By section 230 corporations are taxed upon their “net income,” which is declared to mean gross income, as defined in section 233, less authorized deductions. By section 233 the definition of gross income is referred back to section 213. That section provides:
“See. 213. That for the purposes of this title * * * the term ‘gross income’ — (a) Includes gains, profits, and income derived from * * * sales, or dealings in property, whether real or personal, growing out of the ownership or use of or…
2Cases cited11 opinions
- Menendez v. HoltSupreme Court of the United States · 1888
- United States v. FlannerySupreme Court of the United States · 1925
- McCaughn v. LudingtonSupreme Court of the United States · 1925
- Goodrich v. EdwardsSupreme Court of the United States · 1921
- In Re the Accounting of BrownNew York Court of Appeals · 1926
6 more not listed; retrieve them via the Exa API.
3Cited by30 opinions
- Grace Bros. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1949
- Winn-Dixie Montgomery, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1971
- Schuh Trading Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1938
- Hatch's Estate v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1952
- Speed Products Co., Inc. v. Tinnerman Products, IncCourt of Appeals for the Second Circuit · 1949
25 more not listed; retrieve them via the Exa API.